Investor group to buy Universal Underwriters.A group of investors led by the San Francisco-based private equity firm Hellman & Friedman has agreed to acquire Universal Underwriters Group from Zurich Financial Services Zurich Financial Services Group is a major financial services group based in Zurich, Switzerland. Global operations North America The US consumer market is served primarily by Farmers Insurance Group the third largest personal lines property & casualty insurance Group in a transaction worth $ 1.1 billion. The acquisition included Universal Underwriters Group and its subsidiaries, Universal Underwriters of Texas Insurance Co. and Universal Underwriters Life Insurance Co. Universal Underwriters Group provides commercial automobile, among other property/casualty lines, to U.S. franchised auto, truck, equipment and motorcycle motorcycle, motor vehicle whose design is based on the bicycle. The German inventor Gottlieb Daimler is generally credited with building the first practical motorcycle in 1885. The motorcycle did not become dependable and popular, however, until after 1900. dealers, as well as the automotive aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. industry. The company employs about 1,800 people in its Overland Park Overland Park, city (1990 pop. 111,790), Johnson co., NE Kans., a residential suburb of Kansas City; inc. 1960. There is printing and publishing, and the manufacture of apparel, aircraft parts, cement, prepared foods, salt, chemicals, marine accessories, and signs. , Kan., headquarters and 28 regional offices. |
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